Transparency in our sustainability efforts and performance is essential for cultivating good relationships with our stakeholders and meeting their evolving expectations. To ensure the appropriate focus and relevance of our sustainability work, we report on 52 Key Performance Indicators (KPIs) in our 2020 Sustainability Report, prepared and disclosed under the Global Reporting Initiative (GRI) Standards: Core option, and SASB Marine and Road Transport standards. In this report we also begin implementing the recommendations of the Task Force on Climate-Related Financial Disclosures, providing our shareholders and other stakeholders with information on our climate related risks and opportunities.
Our KPIs are aligned with the results of a Materiality Assessment conducted to identify and prioritise the material topics that impact our value chain. During this phase, we identified and assessed relevant environmental, social and governance related impacts along the company’s value chain. We ranked the different sustainability topics in terms of importance to both Wallenius Wilhelmsen group and our stakeholders to determine their overall materiality. This sustainability report discloses topics deemed highly material (of high importance to both Wallenius Wilhelmsen group and its financial stakeholders) and reviewed regularly by top management.
Our Materiality Assessment, scheduled to be updated in 2021, is how we identify the sustainability topics that matter most to our business and our stakeholders.
To promote our vision of transparency, accountability and reporting, Wallenius Wilhelmsen serves on the Standards Advisory Group at the Sustainability Accounting Standards Board (SASB). In 2020, we were active members of BSR’s Clean Cargo initiative and participants in Drive Sustainability, a customer-driven sustainability reporting initiative for Original Equipment Manufacturers (OEM) and their suppliers.
Contributing to the UN Sustainable Development Goals
Our sustainability work contributes to the UN Sustainable Development Goals (SDGs), a set of 17 goals and 169 underlying targets to ensure a sustainable world by 2030. These goals apply to all and encourage governments and the private sector to mobilise efforts and cooperate to end extreme poverty, fight inequality, tackle environmental challenges, and ensure sustainable resource management.
At Wallenius Wilhelmsen, we are committed to doing our part and our sustainability work supports the following 7 SDGs:
- UN SDG 3: Ensure healthy lives and promote wellbeing for all at all ages.
- UN SDG 8: Promote inclusive and sustainable economic growth, employment and decent work for all.
- UN SDG 9: Build resilient infrastructure, promote sustainable industrialisation and foster innovation.
- UN SDG 10: Reduce inequality within and among countries.
- UN SDG 13: Take urgent action to combat climate change and its impacts.
- UN SDG 14: Conserve and sustainably use the oceans, seas and marine resources.
- UN SDG 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development.
Unless otherwise noted, this report’s scope includes shipping services and logistics services owned or controlled by the Wallenius Wilhelmsen group, which includes Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR, American Roll-on Roll-off Carrier (ARC) and Keen Transport Inc.